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I opened a position on CBI via long calls after the big drop. I think it is a good buying oportunity. I am optimistic for two reasons-

1- The SEC is not all over them, breaking down doors and arresting people. That is a good sign!

2- The conference call next week shows that they already have some idea what the 2005 revised earnings will be. That was quick. Perhaps the damage is not too bad.

we shall see
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